https://www.taxtmi.com/caselaws?id=307707 The Tribunal ruled in favor of the assessee regarding Transfer Pricing Adjustments, finding errors in the inclusion of transactions not belonging to the assessee and recharacterizing its activities. Disallowance under Section 14A was deemed unsustainable as no exempt income was earned. The disallowance of Prior Period Expenses was not upheld as the amount was not claimed as a deduction. The disallowance under Section 43B was conceded by the assessee. Disallowances of Service Fee and Logistics and Warehousing Support Services were sent back for fresh consideration. The disallowance on Non-Deduction of Withholding Tax was remanded for reassessment. Appeals on TP issues were allowed for statistical purposes, while corporate issues were partly allowed, with the file returned for further assessment. en-us Mon, 25 Apr 2016 00:00:00 +0530 Mon, 01 May 2023 21:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307707 The Tribunal ruled in favor of the assessee regarding Transfer Pricing Adjustments, finding errors in the inclusion of transactions not belonging to the assessee and recharacterizing its activities. Disallowance under Section 14A was deemed unsustainable as no exempt income was earned. The disallowance of Prior Period Expenses was not upheld as the amount was not claimed as a deduction. The disallowance under Section 43B was conceded by the assessee. Disallowances of Service Fee and Logistics and Warehousing Support Services were sent back for fresh consideration. The disallowance on Non-Deduction of Withholding Tax was remanded for reassessment. Appeals on TP issues were allowed for statistical purposes, while corporate issues were partly allowed, with the file returned for further assessment. Case-Laws Income Tax Mon, 25 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307707